14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CTLT
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for Catalent Inc stock price after Monday trading.
(Updated on May 06, 2024)

Buy candidate since May 06, 2024 PDF

The Catalent Inc stock price fell by -0.230% on the last day (Monday, 6th May 2024) from $56.50 to $56.37. During the last trading day the stock fluctuated 0.426% from a day low at $56.33 to a day high of $56.57. The price has been going up and down for this period, and there has been a 0.57% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -569 thousand shares and in total, 1 million shares were bought and sold for approximately $62.08 million.

The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.63% during the next 3 months and, with a 90% probability hold a price between $53.75 and $55.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

CTLT Signals & Forecast

The Catalent Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $56.18 and $56.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.60%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Catalent Inc stock

Catalent Inc finds support from accumulated volume at $56.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.240 between high and low, or 0.426%. For the last week the stock has had daily average volatility of 0.90%.

Our recommended stop-loss: $53.25 (-5.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (CTLT) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Catalent Inc to open at $56.42, and during the day (based on 14 day Average True Range), to move between $55.86 and $56.88, which gives a possible trading interval of +/-$0.510 (+/-0.90%) up or down from last closing price. If Catalent Inc takes out the full calculated possible swing range there will be an estimated 1.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $56.30 (0.12%) than the resistance at $56.50 (0.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Catalent Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.163 Buy Candidate Upgraded

Predicted Opening Price for Catalent Inc of Tuesday, May 7, 2024

Fair opening price May 7, 2024 Current price
$56.42 ( 0.0946%) $56.37

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CTLT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 56.66 0.520 %
R2 56.57 0.358 %
R1 56.52 0.257 %
Current price: 56.37
Support S1 56.33 -0.0680 %
S2 56.28 -0.169 %
S3 56.18 -0.331 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 56.96 1.05 %
R2 56.55 0.319 %
R1 56.50 0.231 %
Current price 56.37
Support S1 56.30 -0.124%
S2 55.96 -0.727%
S3 55.85 -0.92%

FAQ

What is the symbol for Catalent Inc Stock and on which exchange is it traded?
The symbol for Catalent Inc is CTLT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Catalent Inc Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Catalent Inc Stock?
Catalent Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Catalent Inc Stock.

What's the current price of Catalent Inc Stock?
As of the end of day on the May 06, 2024, the price of an Catalent Inc (CTLT) share was $56.37.

What is the 52-week high and low for Catalent Inc Stock?
The 52-week high for Catalent Inc Stock is $52.38 and the 52-week low is $33.26.

What is the market capitalization of Catalent Inc Stock?
As of the May 06, 2024, the market capitalization of Catalent Inc is 10.202B.

When is the next earnings date for Catalent Inc?
The upcoming earnings date for Catalent Inc is Jun 10, 2024.
Click to get the best stock tips daily for free!

About Catalent Inc

Catalent Catalent, Inc., together with its subsidiaries, develops and manufactures solutions for drugs, protein-based biologics, cell and gene therapies, and consumer health products worldwide. It operates through four segments: Biologics, Softgel and Oral Technologies, Oral and Specialty Delivery, and Clinical Supply Services. The Softgel and Oral Technologies segment provides formulation, development, and manufacturing services for soft capsules for use... CTLT Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT